The Pulse NOLA: Melba’s Restaurant property sells

A weekly update on the commercial real estate landscape of New Orleans.

Commercial Sales Recorded Last Week

5600 Hayne Blvd, 7649 Townsend Pl, New Orleans, LA 70126
5600 Hayne Blvd, 7649 Townsend Pl, New Orleans, LA 70126

Type: Industrial
Price: $2,115,977 ($28.54 / SF)
Buyer: RATHBORNE PROPERTIES, LLC
Elifin’s Notes: A pair of industrial properties located at 5600 Hayne Boulevard and 7649 Townsend Place sell in the Intercoastal industrial area.

2016 Oretha Castle Haley Blvd, New Orleans, LA 70113
2016 Oretha Castle Haley Blvd, New Orleans, LA 70113

Type: Office
Price: $1,185,000 ($168.30 / SF)
Buyer: WOMEN WITH A VISION INC
Elifin’s Notes: A multi-tenant office property changes ownership on Oretha Castle Haley Boulevard.

3037 Royal St, New Orleans, LA 70117
3037 Royal St, New Orleans, LA 70117

Type: Mixed-Use
Price: $1,050,000 ($84.00 / SF)
Buyer: GEORGE H BUCK JR JAZZ FOUNDATION INC
Elifin’s Notes: The George H. Buck Jr. Jazz Foundation purchases a mixed-use property featuring four apartments and 10,000 SF of office space.

554, 556, 558 Lapalco Blvd, Gretna, LA 70056
554, 556, 558 Lapalco Blvd, Gretna, LA 70056

Type: Retail
Price: $690,000 ($139.11 / SF)
Buyer: BFF HOLDINGS LLC
Elifin’s Notes: A multi-tenant retail property sells on Lapalco Boulevard in Gretna.

5650 Hayne Blvd, New Orleans, LA 70126
5650 Hayne Blvd, New Orleans, LA 70126

Type: Industrial
Price: $654,400 ($33.56 / SF)
Buyer: KSM HOLDINGS LLC
Elifin’s Notes: An industrial-flex property sells near the Lakefront Airport.

2512 St Claude Ave, New Orleans, LA 70117
2512 St Claude Ave, New Orleans, LA 70117

Type: Retail
Price: $500,000 ($144.01 / SF)
Buyer: ST. CLAUDE INVESTMENTS, LLC
Elifin’s Notes: A cafe and bar property sells on Saint Claude Avenue near Franklin Avenue.

3824 Airline Dr, Metairie, LA 70001
3824 Airline Dr, Metairie, LA 70001

Type: Industrial
Price: $492,500 ($75.08 / SF)
Buyer: CWP HOLDINGS LLC
Elifin’s Notes: CWP Holdings LLC acquires an industrial-flex property on Airline Drive in Metairie.

2110 31st Ct, Kenner, LA 70065
2110 31st Ct, Kenner, LA 70065

Type: Retail
Price: $375,000 ($228.10 / SF)
Buyer: BAYOU FAMILY PRINT CO
Elifin’s Notes: A retail property sells at the corner of 31st Court and Georgia Avenue.

1525 Elysian Fields Ave, New Orleans, LA 70117
1525 Elysian Fields Ave, New Orleans, LA 70117

Type: Retail
Price: Withheld
Buyer: EPL MANAGEMENT LLC
Elifin’s Notes: The Melba’s Restaurant property along with the adjacent office and parking lots sell on Elysian Fields Avenue.


Commercial Permits Issued Last Week


Sale records included based on the following parameters: Building and commercial land sales with a sales price that is either withheld or greater than or equal to $300,000. Multifamily sales greater than or equal to 5 units. Sale must be an arm’s length transaction (between unrelated parties). Best efforts are made to provide complete and reliable information, but accuracy is not guaranteed and the reader bears the responsibility to verify the accuracy of such information prior to forwarding it, utilizing it, or relying on it in any way.

Elifin Realty
marketing@elifinrealty.com
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